SoftBank Acquires Boston Dynamics and Schaft

IEEE Spectrum

SoftBank Robotics picks up two of the most talented and innovative robotics companies in the world

Image: IEEE Spectrum; Photos: Erico Guizzo/IEEE Spectrum, Boston Dynamics (2x), Schaft
SoftBank’s robot collection now includes Pepper, Boston Dynamics’ BigDog and Handle, and Schaft’s S-One.

We knew that Masayoshi Son loved robots. Now the founder and CEO of telecom giant SoftBank is about to significantly expand his collection.

Minutes ago, SoftBank announced that it will be acquiring Boston Dynamics and Schaft for an undisclosed sum, in order to “collaborate in advancing the development of smart robotics technologies.”

Boston Dynamics and Schaft were two of the nine robotics companies that Google acquired in 2013
to form the core of its robotics division, headed by Andy Rubin. As far as anyone could tell, not much happened after all those companies became part of Google, and not much continued to happen through 2016, much to the frustration of roboticists everywhere.

Boston Dynamics just kept on doing its own awesome thing, unveiling ever more agile and capable quadrupeds and humanoids, and Schaft quietly improved its bipedal robots, with a surprise sneak peak at a new dual-legged machine last August. As Google’s robotics division (eventually absorbed by Alphabet’s advance tech company X) continued to not produce all that much and began slowly losing talent, the rumors were that Boston Dynamics in particular was looking for a new owner, and they’ve found one, in SoftBank.

Here’s the press release, which sadly will not tell you all that much more than our headline:

SoftBank Group Corp. today announced a subsidiary of SoftBank has entered into a definitive agreement to acquire robotics pioneer Boston Dynamics from Alphabet Inc. The transaction aligns with SoftBank’s investments in paradigm-shifting technologies and its vision of catalyzing the next wave of smart robotics. The terms of the transaction were not disclosed.

Masayoshi Son, Chairman & CEO of SoftBank Group Corp., said, “Today, there are many issues we still cannot solve by ourselves with human capabilities. Smart robotics are going to be a key driver of the next stage of the Information Revolution, and Marc and his team at Boston Dynamics are the clear technology leaders in advanced dynamic robots. I am thrilled to welcome them to the SoftBank family and look forward to supporting them as they continue to advance the field of robotics and explore applications that can help make life easier, safer and more fulfilling.”

Marc Raibert, CEO and founder of Boston Dynamics, said, “We at Boston Dynamics are excited to be part of SoftBank’s bold vision and its position creating the next technology revolution, and we share SoftBank’s belief that advances in technology should be for the benefit of humanity. We look forward to working with SoftBank in our mission to push the boundaries of what advanced robots can do and to create useful applications in a smarter and more connected world.”

As part of the transaction with Alphabet, SoftBank has also agreed to acquire Japanese bipedal robotics company Schaft. Founded in 2012 in the JSK Robotics Laboratory at the University of Tokyo, the company has continued its pioneering work under the leadership of co-founders Yuto Nakanishi, Junichi Urata, Narito Suzuki and Koichi Nishiwaki.

The transaction is subject to customary closing conditions and regulatory approvals.

SoftBank entered the robotics market with its $100+ million acquisition of French company Aldebaran Robotics in 2012. Aldebaran, makers of Nao and Romeo, was immediately tasked with creating Pepper, which (as far as we can tell) is a social robot that’s still trying to figure out exactly how to become commercially viable as much more than a novelty.

More recently, Softbank invested $20 million in Fetch Robotics, which makes mobile robots for warehouse fulfillment as well as a mobile manipulator that (they hope) will soon transition from research platform to a robot that can pick objects off of shelves.

While as far as we know neither Schaft nor Boston Dynamics have robots with much in the way of near-term commercial potential, what these companies have in common is that they’re developing capable physical platforms backed by reliable software with an eye towards performing useful tasks outside of structured environments. Yes, our imaginations are running wild, although our expectation is that we’ll be seeing things that are bipedal and dynamic (and social?).

We’re also wondering to what extent SoftBank is going to leave these groups alone to do what they do best (making awesome robots just for the heck of it), or whether SoftBank expects tangible, near-term contributions towards some specific project. It’s also unclear how much collaboration (if any) there will be between Schaft (based near Tokyo) and Boston Dynamics (based in Waltham, Mass.), or with the other robotics stuff that SoftBank has going on.

What we do know for sure is that SoftBank suddenly has an alarming amount of talent and tech at its disposal—either it’s all going to get sucked up into a corporate void and never heard from again, or something truly amazing is going to come out of this new partnership. We’re hoping for the latter, and we’ll keep you updated as we learn more.

Updated 9:54 p.m. ET

Source: IEEE Spectrum

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